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News

Non-brokered Private Placement Completed

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ELN News August 31, 2006

August
31, 2006, Vancouver, BC -- El Nino Ventures Inc. (the "Company") is
pleased to announce that further to its news release of May 26, 2006 and
July 17, 2006, the Company has closed the final tranche of its private
placement and has issued a total of 887,500 flow-through and
non-flow-through units at $0.80 per unit for proceeds of $710,000.
The Company has raised a combined total of $4,106,200 through this
financing.

Each
non-flow-through unit and flow-through unit consists of one common share
and one-half of one share purchase warrant with each whole warrant
entitling the holder to purchase one additional common share of the
Company at a purchase price of $1.00 per common share until August 29,
2007.

In
connection with this closing of the financing, the Company has
paid a finder's fee of an aggregate of $40,600 and issued an
aggregate of 51,800 share purchase warrants. Each warrant
entitles the holder to purchase one common share at a purchase
price of $1.00 per common share until August 29, 2007.

In
compliance with Canadian securities laws, all of the securities
issued in connection with this closing are subject to a hold
period expiring on December 30, 2006.

The
proceeds of the private placement will be used to satisfy all of
the Company's year one exploration commitment ($2,500,000) for
exploration with Falconbridge Ltd. on the world class Bathurst
Zinc / Base Metals Mining Camp in New Brunswick. Exploration
will begin immediately on the Bathurst Project. For further
information see our press release dated May 26, 2006.

About
El Nino Ventures Inc.

El
Nino is an exploration stage company currently developing an
aggressive global acquisition strategy. Our business model
is to revisit former mining regions, apply new technologies to
advanced stage exploration targets, and aggressively acquire new
projects. Our present focus is on Canada, Alaska, and
Eastern / Central Europe. In Canada, El Nino has an Option
/ Joint Venture with Falconbridge Ltd. to explore the world
class Bathurst Zinc / Base Metals Mining Camp in New Brunswick.
The Company is also exploring for uranium in the Bancroft
uranium camp in Ontario. El Nino is currently negotiating
on new projects in Alaska, and Eastern/Central Europe.

On
Behalf of the Board of Directors,

Jean
Luc Roy

President
& COO

The
TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release

CUSIP#
28335E-10-6

This
news release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended. All statements, other than statements
of historical fact, included herein are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the British Columbia
Securities Commission and the United States Securities & Exchange
Commission. This email should not be construed as an offer to buy or
sell securities of this company.